From Nuveen

James (Jim) H. Galbreath, CFA

Managing Director
Client Portfolio Manager

Prior to re-joining NWQ in 2013, Jim was a Managing Director and Portfolio Advisor for Nuveen Investments, where he advised clients and their consultants concerning portfolio strategy and performance. Prior to that, Jim was one of the original partners of NWQ and spent 20 years with the firm. Before joining NWQ , he managed a venture capital fund for four years and was a Partner and Portfolio Manager with the investment management firm of Stephenson and Company in Denver for nine years.

Jim earned his B.S. in Business Administration degree in Finance and Economics from the University of Denver. He also studied Economics at the University of Stockholm, earned the designation of Chartered Financial Analyst and is a member of the CFA Institute. He has served on several boards including the Money Management Institute and the Association for Small Foundations.

This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities. The information does not take into account the specific objectives or circumstances of any investor, or suggest any specific course of action. Investment decisions should be made based on an investor's objectives and circumstances and in consultation with his or her advisors. All investments involve risk and there is no assurance that an investment will provide positive performance over any period of time. There is no assurance that downside protection will be achieved.

NWQ Investment Management Company, LLC

2049 Century Park East, Suite 1600 Los Angeles, CA, 90067

(310) 712-4000
(310) 712-4100 (fax)